Renewal Incentive. Employees who complete a Duration Posting and sign up for a subsequent term will also qualify for the Renewal Incentive of $14,000. This payment will be paid out in equal amounts over the course of their subsequent term.
Renewal Incentive. Employees who complete a Duration Posting and sign up for a second term at the same Duration Posting will qualify for a Renewal Incentive of $14,000. This payment will be paid out in equal amounts over the course of their second term. EMPLOYEES IN SECOND OR SUBSEQUENT TERM OF DURATION POSTING AS OF RATIFICATION OF THE 2000-2002 OPPA UNIFORM MOU
35.04 At the time of the ratification of the 2000-2002 MOU, employees in a second or subsequent term of a Duration Posting, who selected to transfer out of the Duration Posting after completing the term they were in at ratification will receive an amount to a maximum of $5,000 prorated over the number of years remaining in the second or subsequent Duration Posting term.
35.05 GENERAL REQUIREMENTS FOR ALL EMPLOYEES RECEIVING INCENTIVES DESCRIBED IN ARTICLE 35 35.05.01 Employees assigned to Duration Postings are entitled to the applicable incentives providing they reside within the assigned duration posting communities as defined in Article 35.07. Exemptions may be granted if circumstances are such that it is not possible for the employee to reside in a location.
Renewal Incentive. In consideration of extension of the term of the relationship between AMNEX and NTI as provided hereby, the grant by NTI to AMNEX of the Right, and for such other good and valuable consideration as may be derived from the COCOT Agreement, as modified hereby, the following aggregate consideration (collectively, the "Special Consideration") is being paid to NTI:
(a) simultaneously with the execution hereof, AMNEX is paying the sum of One Hundred Seventy Five Thousand Dollars ($175,000) and on or before March 31, 1997, AMNEX shall pay the sum of Four Hundred Fifty Thousand Dollars ($450,000), in each case, by wire transfer of immediately available funds to a depository designated in writing by NTI;
(b) simultaneously with the execution hereof, AMNEX is executing and delivering to NTI a promissory note in the aggregate principal amount of Five Hundred Thousand Dollars ($500,000), such note to bear interest on the principal amount thereof from time to time outstanding at the rate of ten percent (10%) per annum and to be payable in twelve (12) equal and consecutive monthly installments of principal and interest; and
(c) upon expiration of the NASDAQ Clearance Period (as defined in subparagraph 11(b) below), AMNEX, Inc., the parent company of AMNEX, shall issue and deliver to NTI or Brian E. King, its sxxx xxxxxxxxxxr, or to their designees, a total of 346,154 shares of the Common Stock of AMNEX, $.001 par value (the "AMNEX Common Stock"), such number of shares having been calculated based upon the average closing selling price for the AMNEX Common Stock during the eighty two (82) day period immediately preceding the date hereof. For purposes of this Agreement, such shares of AMNEX Common Stock shall hereinafter be referred to collectively as the "Shares". It is understood and agreed that the Special Compensation is being given by AMNEX and AMNEX, Inc. to NTI in material reliance upon NTI's anticipated compliance with the terms hereof, continuance of the Right for the full term contemplated hereby, and is in lieu of any and all other consideration, compensation, payments or other monies now due and owing or hereafter alleged to be due and owing to NTI under any and all existing agreements (whether oral or written), arrangements, understandings or claims arising under or out of or in connection with the COCOT Agreement or the Settlement Agreement (as it relates to NTI).
Renewal Incentive. In consideration for The Pantry’s renewal and extension of the term of this agreement as set forth in Section 6.1, McLane shall pay The Pantry the following amounts:
(a) Within 10 days after the beginning of each Quarter, McLane shall pay The Pantry the applicable amount set forth in the fourth column on the attached Exhibit D; and
(b) On or before [***] and each [***] thereof, McLane shall pay The Pantry a year-end allowance payment of $[***].
